Our solicitor has uncovered a defect with the lease for the flat we are purchasing in Kensington. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancer has advised that he must ensure that the bank is happy with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the bank are the client. Your property lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
We are planning to acquire a house and require a conveyancing solicitor in Kensington who is on the Coventry BS conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Coventry BS . We don't recommend any particular firms conducting conveyancing in Kensington.
My Solicitor in Kensington is not listed on the Aldermore Solicitor Panel. Can I still continue with my family solicitor even though they are not on the Aldermore panel of approved conveyancing solicitors?
The limited options available to you here include:
- Carry on with your preferred Kensington lawyers but Aldermore will need to instruct a lawyer on their panel. This will result in additional total conveyancing charges and cause frustration.
- Get an alternative practitioner to to deal with the purchase, obviously checking they are on the Aldermore panel
I can see plenty of information on this site regarding conveyancing in Kensington but what is your top tip for selecting the right conveyancer in Kensington
It would be unwise to be seduced by the cheapest Kensington conveyancing fees. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
Forgive me if this question is silly but I am unseasoned as a first time buyer of a garden flat in Kensington. Do I pick up the keys to the property on completion from my lawyer? If so, I will appoint a High Street conveyancing solicitor in Kensington?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be called to receive the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.
I had a mortgage agreed in principle with Santander. Kensington conveyancing practitioners were appointed. How long does it take for Santander to forward the offer to the property lawyer?
Some lenders take longer than others. Have Santander done the valuation? Have you advised Santander as to your lawyers' details and checked that your lawyers are on the Santander conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I have recentlydiscovered that Wolstenholmes have closed. They conducted my conveyancing in Kensington for a purchase of a leasehold apartment 12 months ago. How can I establish that my home is in my name in the name of the previous owner?
The quickest way to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Kensington conveyancing specialists.
How do I identify a Kensington law firm on the Nottingham Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 25kilometers to meet the conveyancer.
You can use the search on this page. Please pick a bank and your location and you will see a number of Kensington conveyancing lawyers based on proximity. We have detailed some Kensington conveyancing firms at the bottom of this page and you can call them to check if they are on the Nottingham Building Society approved list